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Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1972
Sq.Footage
17,537
RARE SEBRING INVESTMENT/REDEVELOPMENT OPPORTUNITY! Former Sunset Beach Motel at US 27 & Lakeview Dr offers 42 units on 3± acres at a highly visible hard corner with 297± FT of frontage on beautiful Lake Jackson. Surrounded by major retailers/services including Publix, Bealls Outlet, Popeyes, Verizon & CVS. Existing improvements & infrastructure provide tremendous value as construction, utility & development costs continue to rise. Renovate/stabilize the 42 units for income while positioning this prime site for future redevelopment. Owner pro forma based on $800/unit/mo, 10% vacancy & 35% expenses projects $235,872 NOI. One building has a newer metal roof; additional updating needed. Exceptional potential for upscale hotel/resort, timeshare, lakefront restaurant, retail or mixed commercial redevelopment, subject to approvals. Sebring continues expanding with new residential, industrial & national brands including BJ’s Wholesale, First Watch, Wawa & Culver’s, driving demand for lodging, retail & services. Secure this irreplaceable lakefront commercial site while existing improvements offer holding-income potential. BUY THE LOCATION, IMPROVE THE INCOME & POSITION FOR THE FUTURE! Buyer to verify zoning, uses, measurements & financials.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
Wall/Window Unit(s)
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Heat Pump
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Block
-
Other Exterior Features
Other
-
Pool
No
-
Waterfront YN
YES
-
View
Lake, Water
Area & Lot
-
Lot Features
Waterfront
-
Lot Size(acres)
3.04
-
Lot Size(square feet)
132,292
-
Property Type
Residential Income
-
Property Sub Type
Quadruplex
Price
-
Sales Price
$4,500,000
-
Tax Amount
$20,634.8
-
Sq. Footage
17,537
-
Price/SqFt
$256
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
New Construction
NO
-
Foundation Details
Slab
-
Ownership
Leasehold
-
Senior Community YN
NO
-
Sewer
Public Sewer
-
Tax Lot
39
-
Water Source
Public
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Location
County
Highlands
Elementary School
Middle School
High School
Listing Courtesy of Steve Smith, ADVANTAGE REALTY 1
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Business Coach | Executive Sales Associate | Realtor®
Michael Graf
Call Michael today to schedule a private showing.
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